The case for the Bank of Japan to raise interest rates as soon as September has strengthened, with a growing number of policymakers calling for a faster response to mounting inflation risks, according to a summary of opinions from the central bank’s July meeting released on Monday, Reuters reported.
At least three of the Bank of Japan’s nine board members indicated that interest rates could be raised more quickly than the current pace of roughly two increases a year. The comments underscore growing concern within the central bank that monetary policy could fall behind rising price pressures.
